Black Stone Minerals (BSM) Set to Announce Earnings on Monday

Black Stone Minerals (NYSE:BSM) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Black Stone Minerals to post earnings of $0.34 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Black Stone Minerals had a return on equity of 42.38% and a net margin of 70.46%. The company had revenue of $190.84 million for the quarter, compared to the consensus estimate of $142.67 million. During the same period last year, the business posted $0.71 EPS. On average, analysts expect Black Stone Minerals to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Black Stone Minerals Stock Performance

Shares of NYSE:BSM opened at $16.39 on Friday. Black Stone Minerals has a 1 year low of $14.80 and a 1 year high of $18.55. The stock has a 50-day simple moving average of $15.82 and a 200-day simple moving average of $16.37. The stock has a market capitalization of $3.45 billion, a P/E ratio of 8.76 and a beta of 0.91.

Black Stone Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.50 annualized dividend and a yield of 9.15%. Black Stone Minerals’s dividend payout ratio is currently 101.60%.

Insider Transactions at Black Stone Minerals

In other Black Stone Minerals news, Director D Mark Dewalch acquired 3,250 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $15.47 per share, for a total transaction of $50,277.50. Following the purchase, the director now directly owns 320,436 shares in the company, valued at $4,957,144.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BSM has been the subject of a number of research reports. Piper Sandler upped their price target on shares of Black Stone Minerals from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Stifel Nicolaus decreased their target price on Black Stone Minerals from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd.

About Black Stone Minerals

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.